NightRide Thermal
Growth Stage
Driven to Keep You Safe
Overview
Raised: $297,900
Total Commitments ($USD)
Platform
StartEngine
Start Date
06/12/2023
Close Date
10/11/2023
Min. Goal
$14,998
Max. Goal
$1,234,800
Min. Investment
$420
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.10
Pre-Money Valuation
$25,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/29/2023
Days Remaining
11
% of Min. Goal
1,986%
% of Max. Goal
24%
Likelihood of Max
Avg. Daily Raise
$2,708
# of Investors
139
Momentum
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Year Founded
2023
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
NightRide Thermal, with a valuation of $25 million, is raising funds on StartEngine. The company makes self-installable and vehicle-mounted thermal cameras that keep drivers safe at night and in harsh weather. The cameras of NightRide Thermal offer high-resolution thermal imaging for commercial, professional, and consumer purposes and tame night-driving hazards. NightRide Thermal has sold 807 units and generated $2 million in sales in 2021 and 2022. Mary Ellen Kramer founded NightRide Thermal in March 2023. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,301,008 |
$672,059 |
|
COGS |
$662,322 |
$338,347 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-228,202 |
$-146,052 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$79,213 |
$72,894 |
|
Accounts Receivable |
$46,892 |
$165,280 |
|
Total Assets |
$442,908 |
$535,490 |
|
Short-Term Debt |
$28,328 |
$203,645 |
|
Long-Term Debt |
$1,486,334 |
$1,185,082 |
|
Total Liabilities |
$1,514,662 |
$1,388,727 |
Financials as of: 06/12/2023
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